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Euro area gas prices under pressure

Friday, November 6, 2015 1:24 PM UTC

In Europe, gas prices are falling as are in the US. Relatively high stock levels and good supply volumes are caused the gas prices fall(TTF DA). The gas peices have reached to their lowest level since August 2014.

The prospect of warmer weather and the good supply situation were presumably to blame. The storage capacity is extended to 93 billion cubic metres higher than ever before. As a result of the expansion of storage capacities, EU gas storage facilities are presently far from full in the run-up to the heating season, says Commerzbank.

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Euro area gas prices under pressure

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